Victory Capital Management Inc. grew its stake in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 585.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 830,311 shares of the real estate investment trust's stock after acquiring an additional 709,126 shares during the quarter. Victory Capital Management Inc. owned about 0.70% of Kilroy Realty worth $32,133,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Assetmark Inc. increased its stake in shares of Kilroy Realty by 1.0% during the 3rd quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust's stock valued at $1,037,000 after acquiring an additional 274 shares during the last quarter. Wiser Advisor Group LLC increased its position in Kilroy Realty by 67.5% during the 1st quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 305 shares in the last quarter. GAMMA Investing LLC increased its position in Kilroy Realty by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 371 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in Kilroy Realty by 6.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,765 shares of the real estate investment trust's stock worth $210,000 after purchasing an additional 383 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in Kilroy Realty by 3.2% during the 2nd quarter. Ballentine Partners LLC now owns 17,339 shares of the real estate investment trust's stock worth $540,000 after purchasing an additional 530 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.
NYSE KRC opened at $38.80 on Friday. The stock has a market cap of $4.58 billion, a PE ratio of 23.23 and a beta of 1.03. Kilroy Realty Co. has a fifty-two week low of $29.72 and a fifty-two week high of $43.78. The business has a 50 day moving average price of $39.39 and a two-hundred day moving average price of $35.69. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89.
Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The company had revenue of $289.94 million during the quarter, compared to the consensus estimate of $275.77 million. During the same quarter last year, the firm posted $1.12 EPS. The firm's quarterly revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts predict that Kilroy Realty Co. will post 4.41 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were given a dividend of $0.54 per share. The ex-dividend date was Monday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.57%. Kilroy Realty's payout ratio is 129.34%.
In related news, EVP John Osmond sold 2,628 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the sale, the executive vice president now directly owns 8,818 shares of the company's stock, valued at approximately $352,720. This represents a 22.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the transaction, the chief accounting officer now directly owns 26,401 shares of the company's stock, valued at approximately $1,033,335.14. This represents a 10.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.49% of the company's stock.
A number of research firms recently issued reports on KRC. Barclays increased their target price on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Scotiabank downgraded shares of Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 target price for the company. in a research report on Thursday. Wells Fargo & Company dropped their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Wednesday, September 11th. Finally, Evercore ISI upped their price target on Kilroy Realty from $40.00 to $41.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $39.43.
Check Out Our Latest Report on Kilroy Realty
Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.
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